Which answer best summarizes the purpose of the Olive Branch petition?

It was written by the colonists to ask the king to protect their rights and to tell him they wanted peace. It was rejected by the king.

It was written by the king to ask the colonists to protect his troops and to tell them he wanted peace. It was rejected by the colonists.

It was written by the colonists to ask the Second Continental Congress to have peace talks with the king. The Congress accepted the petition.

It was written by the king to ask the Second Continental Congress to stop fighting British troops and to pay higher taxes. The Congress rejected the petition.